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SEBI (Issue of Capital and Disclosure Requirements) (Seventh Amendment) Regulations, 2019

January 1, 2020 1485 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Seventh Amendment) Regulations, 2019. 2. They shall come into force on the date of their publication in the Official Gazette.

Guidelines on Standard Individual Health Insurance Product

January 1, 2020 2967 Views 0 comment Print

The health insurance market is having a number of individual health insurance products. Each product has unique features and the insuring public may find it a challenge to choose an appropriate product. Therefore, with the following objectives, the Authority has decided to mandate all general and health insurers to offer the standard individual health insurance product:

CBIC notifies Sections of CGST Act 2017 Applicable from 01.01.2020

January 1, 2020 19593 Views 0 comment Print

Notification No. 01/2020 – Central Tax dated 1st January, 2020– CBIC notifies Sections of CGST Act 2017 Applicable from 01.01.2020 which brings into force certain provisions of the Finance (No. 2) Act, 2019 amending the CGST Act, 2017. The provisions of sections 92 to 112 (Amendments to CGST Act, 2017), except section 92 (Pertaining to […]

Builder not passed additional ITC benefit to flat buyers: NAA

January 1, 2020 1482 Views 0 comment Print

Susheel Prasad Todi Vs Acme Housing India Pvt Ltd. (National Anti-Profiteering Authority) In this case It is established that the provisions of Section 171 of the CGST Act, 2017 have been contravened by the builder as he has profiteered an amount of Rs. 2,10,57,462/- which includes 12% GST on the base profiteered amount of Rs. […]

Builder reversed ITC before receipt of CC/OC to deny ITC benefit to home buyers

January 1, 2020 11109 Views 0 comment Print

Rule 42 of the CGST Rules, 2017 lays down the mode of computation of mandatory reversal of the unutilized input tax credits in respect of unsold flats/shops of a real estate project at the time of receipt of completion Certificate (CC)/ occupancy certificate (OC) or on the date of first occupancy, whichever is earlier.

Guidelines on Migration and Portability of health insurance policies

January 1, 2020 2262 Views 0 comment Print

Every individual policyholder (including members under family floater policy) covered under an indemnity based individual health insurance policy shall be provided an option of migration at the explicit option exercised by the policyholder;

DGFT suspends Ad-hoc Norms for Cashew Kernels Whole/pieces

January 1, 2020 795 Views 0 comment Print

Ad-hoc Norms approved vide ALC meeting no. 8/19 dt. 20/07/2018 for Cashew Kernels Whole & Cashew Kernels pieces stands suspended with immediate effect. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 53/2015-2020-DGFT New Delhi, Dated the 01St January, 2020 Subject: Amendments in the Ad-hoc […]

DGFT reinstate SION of seven food products

January 1, 2020 870 Views 0 comment Print

Standard Input Output Norms (SION) in respect of seven food products have been reinstated with immediate effect after amending the input item Maize to Dent Corn (Zea mays var. indenta): Yellow with ITC-HS 10059011. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 52/2015-2010-DGFT New […]

RBI notifies benchmarks administered by FBIL as significant benchmark

January 1, 2020 2154 Views 0 comment Print

As provided in paragraph 3(i) of the above directions, the Reserve Bank hereby notifies the following benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as a ‘significant benchmark’:

GSTN makes key GST Stats available on GST portal

January 1, 2020 15252 Views 0 comment Print

– Users can view and download month-wise and state-wise data of GSTR-1, GSTR-3B, Revenue Collection and IGST – GST Registrations and Pre-GST regime revenue from taxes subsumed in GST also made available New Delhi, 31st December 2019: From the New Year 2020, you will be able to view and download key Goods and Services (GST) statistics from the GST portal. GST Network (GSTN), the IT backbone of GST system, has uploaded […]

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